This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is SunContract?

SunContract (SNC) is a cryptocurrency launched in 2017 on the Ethereum platform. It is used in a blockchain-powered, peer-to-peer energy market, enabling energy buyers and sellers to trade energy directly. The platform aims to support a global self-sufficient energy community based on renewable energy through digitalization of electricity. SNC tokens are used to facilitate transactions within the platform, which includes real-time access to production and consumption data, independent decision-making on surplus electricity distribution, and a decentralized energy marketplace.

How is SunContract used?

The SunContract (SNC) token is a digitally tradable currency used primarily for buying and selling electricity and energy products within the SunContract ecosystem. This Ethereum-based token provides value to both energy consumers and producers by facilitating direct transactions between them. The platform utilizes blockchain technology to verify and execute transactions, which requires the use of digital currencies like SNC.

Key Uses of SNC Token:
  1. Energy Trading: SNC tokens are used to buy and sell electricity and energy products on the SunContract platform. This allows energy producers to sell excess energy directly to consumers, promoting a more efficient and environmentally friendly energy market.

  2. Payment Method: SNC tokens serve as a payment method for energy transactions. Even when customers pay in euros, the platform converts these payments to SNC tokens in the background, ensuring seamless transactions.

  3. Security Deposits: Users are required to pay a minimum balance in euros, which is then converted to SNC tokens and locked on the platform. This balance is returned to the user if all contractual obligations are settled.

  1. Investment Opportunity: The SNC token offers an economic opportunity for investors interested in renewable energy. As the global energy supply shifts towards cleaner sources, investing in SNC tokens can be a rewarding long-term strategy.
Availability and Accessibility:
  • Exchanges: SNC tokens can be purchased on various exchanges such as HitBTC, OKEx, YObit, Ether Delta, and IDEX, with available pairs including SNC/ETH, SNC/BTC, and others.
  • Conversion: The token can be easily swapped for other cryptocurrencies or fiat currencies using instant crypto converters.

Overall, the SNC token plays a central role in the SunContract ecosystem, enabling efficient, secure, and environmentally friendly energy transactions.

How do I store SunContract?

To store SunContract (SNC) tokens, you have several options:

  • Kriptomat Wallet: You can store your SNC tokens securely in your Kriptomat wallet, which supports the token.
  • Atomic Wallet: Atomic Wallet is another option that allows you to manage your SunContract tokens along with other cryptocurrencies like Ethereum, XRP, and Litecoin.
  • MyEtherWallet: As SNC is an ERC20 token, it can be stored in any wallet that supports ERC20 tokens, such as MyEtherWallet.
  • SunContract Platform: You can also store your SNC tokens directly on the SunContract platform itself.

These wallets provide a secure and convenient way to manage your SunContract tokens.

How to buy SunContract?

To buy SunContract (SNC) tokens, follow these steps:

  1. Choose a Reliable Exchange: Select a trustworthy cryptocurrency exchange that supports SunContract (SNC) purchases. Ensure the exchange has solid security, liquidity, and a competitive fee structure. Some popular options include Kriptomat, KuCoin, and SimpleSwap.

  2. Create an Account: Sign up on the chosen exchange by providing the required information and setting a secure password. Enable two-factor authentication (2FA) for added security.

  3. Verify Your Identity: Complete Know-Your-Customer (KYC) verification to access more features and services on the platform. The information required for KYC may vary based on your nationality and region.

  1. Add a Payment Method: Follow the exchange's instructions to add a credit/debit card, bank account, or other supported payment methods. The information you need to provide may vary depending on your bank's security requirements.

  2. Buy SunContract (SNC): Use your added payment method to purchase SunContract (SNC) tokens. You can buy SNC directly with fiat currency if supported or do a crypto-to-crypto exchange by first purchasing a popular cryptocurrency like USDT and then exchanging it for SNC.

  3. Store Your Tokens: Once you have purchased SNC, ensure you store them securely in a compatible wallet, such as KuCoin Wallet or MetaMask, to maintain control over your assets.

By following these steps, you can easily and securely buy SunContract (SNC) tokens.

Discover
SunContract
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

History of SunContract

Discover
SunContract
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

How SunContract works

Discover
SunContract
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

SunContract's strengths

SunContract's risks

Discover
SunContract
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

Did SunContract raise funds?

Discover
SunContract
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

SunContract’s team

Whalee AI

The fundamental analysis assistant for crypto value investors.

Latest news

Want an analysis of this token? Tell us on Discord

Similar tokens

Looks like we're missing similar tokens!